PhonePe’s FY26 loss widens 62% to ₹2,792 crore as revenue rises 11%
PhonePe reported FY26 operating revenue of ₹7,920 crore, with lending, wealth and insurance scaling up. Expenses rose 13% to ₹10,588.5 crore, while Pincode revenue nearly halved following its B2C exit; the company has deferred its planned IPO.
PhonePe’s FY26 loss widened 62% to ₹2,792 crore as expenses rose faster than revenue. Lending, wealth and insurance grew strongly, while Pincode revenue fell after its B2C exit. The fintech deferred its planned $1.3 billion IPO amid valuation and market concerns.
Why this matters
The results follow PhonePe’s January 2026 move to file updated IPO papers with no fresh capital and come as PhonePe, Paytm and Flipkart reach nation-scale user bases.
Retail-company is accelerating, up 1,118,500% QoQ.